OBIC CoLtd (Germany) Market Value
| OBL Stock | EUR 28.60 0.60 2.05% |
| Symbol | OBIC |
OBIC CoLtd 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to OBIC CoLtd's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of OBIC CoLtd.
| 11/22/2024 |
| 12/22/2024 |
If you would invest 0.00 in OBIC CoLtd on November 22, 2024 and sell it all today you would earn a total of 0.00 from holding OBIC CoLtd or generate 0.0% return on investment in OBIC CoLtd over 30 days. OBIC CoLtd is related to or competes with Intuit, Palo Alto, Synopsys, Cadence Design, Dassault Systmes, Fortinet, and Autodesk. OBIC Co., Ltd., together with its subsidiaries, provides computer system integration, system support, office automation,... More
OBIC CoLtd Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure OBIC CoLtd's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess OBIC CoLtd upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.02 | |||
| Value At Risk | (2.52) | |||
| Potential Upside | 2.03 |
OBIC CoLtd Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for OBIC CoLtd's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as OBIC CoLtd's standard deviation. In reality, there are many statistical measures that can use OBIC CoLtd historical prices to predict the future OBIC CoLtd's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (7.92) |
OBIC CoLtd Backtested Returns
OBIC CoLtd maintains Sharpe Ratio (i.e., Efficiency) of -0.0743, which implies the company had a -0.0743% return per unit of volatility over the last 3 months. OBIC CoLtd exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check OBIC CoLtd's market risk adjusted performance of (7.91), and Variance of 2.28 to confirm the risk estimate we provide. The firm holds a Beta of 0.0189, which implies not very significant fluctuations relative to the market. As returns on the market increase, OBIC CoLtd's returns are expected to increase less than the market. However, during the bear market, the loss of holding OBIC CoLtd is expected to be smaller as well. At this point, OBIC CoLtd has a negative expected return of -0.11%. Please make sure to check OBIC CoLtd's jensen alpha, potential upside, rate of daily change, as well as the relationship between the treynor ratio and kurtosis , to decide if OBIC CoLtd performance from the past will be repeated in the future.
Auto-correlation | -0.79 |
Almost perfect reverse predictability
OBIC CoLtd has almost perfect reverse predictability. Overlapping area represents the amount of predictability between OBIC CoLtd time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of OBIC CoLtd price movement. The serial correlation of -0.79 indicates that around 79.0% of current OBIC CoLtd price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.79 | |
| Spearman Rank Test | -0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 0.74 |
OBIC CoLtd lagged returns against current returns
Autocorrelation, which is OBIC CoLtd stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting OBIC CoLtd's stock expected returns. We can calculate the autocorrelation of OBIC CoLtd returns to help us make a trade decision. For example, suppose you find that OBIC CoLtd has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
OBIC CoLtd regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If OBIC CoLtd stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if OBIC CoLtd stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in OBIC CoLtd stock over time.
Current vs Lagged Prices |
| Timeline |
OBIC CoLtd Lagged Returns
When evaluating OBIC CoLtd's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of OBIC CoLtd stock have on its future price. OBIC CoLtd autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, OBIC CoLtd autocorrelation shows the relationship between OBIC CoLtd stock current value and its past values and can show if there is a momentum factor associated with investing in OBIC CoLtd.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in OBIC Stock
OBIC CoLtd financial ratios help investors to determine whether OBIC Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in OBIC with respect to the benefits of owning OBIC CoLtd security.